The price of gold and silver has fallen at this time. Gold Rates The prices have come down sharply. The current price of gold is expected to be between Rs 72,000 and Rs 75,000 per 10 grams. Gold rates vary from city to city in India. They are also changing. In India, the price of 1 gram 18-carat gold in Mumbai on Saturday was Rs 5376. The price of gold in Chennai is Rs 5,447. In cities like Delhi, Vadodara and Ahmedabad, gold is at Rs 5,380 per gram.
Gold prices also fell on Saturday
On Sunday, June 9, the price of 10 grams of 22 carat gold was Rs 65700. The price of 24 carat gold is Rs 71,670 and the price of 18 carat gold is Rs 53,760. On Saturday, the price of 24 carat gold fell by Rs 20. Gold prices have fallen in the international market due to the People’s Bank of China stopping the purchase of gold. On the other hand, gold prices are rising rapidly due to the creation of 2.72 lakh new jobs in America. But now it has come down.
The price of silver is increasing
The price of gold increased by about 2 percent between June 3 and 7. The price of 1 kg is Rs 91,500. The use of silver in electric vehicles, hybrid cars and solar panels has increased the demand for silver and thus its price has increased. In terms of returns in May, silver has performed better than not only gold but also the BSE Sensex.
Signs of reduction in gold purchase from Russia too
According to the World Gold Council, the central banks of the world bought about 33 metric tons of gold in the month of April. But after China, Russia has also indicated to reduce the purchase of gold. At that time, the price of gold is expected to be Rs 75,000 per 10 grams and the price of silver is expected to be Rs 96,000 per kilogram.
A large amount of gold is purchased in India. The number of people investing in gold is also very large. Therefore, the demand for gold always remains in India.
